Often when we sign or fill a cheque, we make some mistakes in it. Let us tell you that there are many legal and correct ways to do this. If we do not take care of these things then anyone can take advantage of it. Due to this we may suffer financial loss. Let us know about it.
We do not take much care when we sign cheques, but do you know that this signed cheque of yours can be misused. Even some unwanted or wrong transactions can be done through this. This may cause financial loss to you.
In such a situation, it is important that you take care of some important things. Here we are going to tell you about some such points. Let us tell you that before signing the cheque, the receiver and purpose should be known, so that this cheque cannot be misused.
Fill name correctly
- You have to keep in mind that the name of the person or business you enter in the cheque it twice.
- You want the name written on the cheque to be written correctly so that it reaches the right person or business.
- Let us tell you that if you make a mistake in writing the name, then there may be a problem in its clearing and it may get rejected.
Have enough money in the account
- It is important that when you are depositing money in the cheque, you have to ensure that there is sufficient money in your account.
- This is important because if you fill the wrong amount many times, it affects your financial credibility and leads to legal problems.
- If you fill in the wrong amount, your cheque may bounce, so double check your cheque amount.
Fill in the correct date
- When you are filling the cheque, make sure that you enter the date correctly. The date you are entering in the chequeshould be the same date as at the time of issuing the cheque.
- Apart from this, you have to sign your cheque properly, so that your cheque does not bounce.
- Apart from this, you also have to keep in mind that the signature on your cheque should match the signature made in your bank.
- Apart from this, keep in mind the check number, from this you can get information about it anytime.
Never give a blank cheque
Always keep in mind that never fill a blank cheque, by doing so you can misuse it by filling the wrong amount in it.
This may also cause financial loss to you, in such a situation you always need to be alert.
